Haven Life Insurance Review & Ratings (2021)

Haven Life is a relatively new company that sells term life insurance policies issued by MassMutual and C.M. Life Insurance Company, a MassMutual subsidiary. Haven life insurance rates start around $10.07/month for $250,000 of coverage. Read more about Haven Life's products, rates, industry ratings, and more below.

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Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

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Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

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Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Feb 14, 2021

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Company Details
Address: 60 Madison Avenue, 7th Floor
City: New York
State: NY
ZIP Code: 10010
Phone Number: (855) 744-2836
Year Founded: 2014
Company Rating 0 (0 reviews)

Haven Life insurance company is a relatively new company that offers term life insurance products issued by MassMutual and C.M. Life Insurance Company, a MassMutual subsidiary.

Haven Life is committed to making it easy to apply for life insurance with fully digital applications. Below, we’ll discuss the company’s life insurance products, rates, industry ratings, and more.

Before you begin reading, enter your ZIP code into our free quote comparison tool above to find affordable life insurance from companies in your area.

What life insurance products does Haven Life offer?

Haven Life focuses on providing only term life insurance. While this may be too basic for some, it can be a benefit to others.

Term life insurance is a non-permanent life insurance policy that provides death benefits for a specific period. Life insurance companies generally offer term life insurance policies for anywhere from 10 to 30 years. This insurance is sometimes preferred because it has cheaper premiums.

Haven Life offers two different term life insurance plans — Haven Term and Haven Simple — issued by MassMutual or C.M. Life Insurance Company.

Haven Term is a medically underwritten plan, which means that a medical exam will most likely be required. Haven Term life insurance is available for people between 18 and 65. Terms include 10, 15, 20, and 30 years with coverage amounts ranging between $100,000 and $3 million.

Haven Term plans include Haven Life Plus (except in FL, NY, ND, SD, and WA). Haven Life Plus gives access to additional benefits, such as a will from Trust&Will, a yearly subscription to the fitness app Aaptiv, a LifeSite Plus subscription to store important family documents, and more.

Haven Simple is a simplified term life insurance policy, which means a medical exam is not required for approval. It is available in all states except CA, DE, SD, ND, and NY for people between 20 and 55. Terms are 5, 10, and 15 years.

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How much is Haven life insurance?

Haven Life insurance rates can be calculated easily on the company’s website.

Here are some sample rates the calculator gave us when we filled it out for varying demographics. This profile assumes the individual is in good health, does not smoke, lives in Massachusetts, and needs $250,000 in coverage.

Haven Term Life Insurance Rates by Age and Gender
Age and Gender10-Year Term Monthly Rates15-Year Term Monthly Rates20-Year Term Monthly Rates30-Year Term Monthly Rates
20-Year-Old Female$11.95$13.72$15.50$20.81
20-Year-Old Male$13.47$15.50$19.32$27.18
30-Year-Old Female$12.59$14.06$16.29$23.66
30-Year-Old Male$13.58$15.85$19.47$28.76
40-Year-Old Female$15.48$18.62$22.44$34.79
40-Year-Old Male$17.52$20.71$26.41$41.44
50-Year-Old Female$29.95$35.58$45.04Not available
50-Year-Old Male$36.55$47.51$59.39Not available
60-Year-Old Female$61.04$77.38$108.92Not available
60-Year-Old Male$87.23$120.14$155.36Not available
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Now, let’s take a look at some sample rates for Haven Simple:

Haven Simple Life Insurance Rates by Age and Gender
Age and Gender5-Year Term Monthly Rates10-Year Term Monthly Rates15-Year Term Monthly Rates
20-Year-Old Female$10.07$10.45$13.66
20-Year-Old Male$15.55$15.67$20.67
30-Year-Old Female$11.33$12.00$15.05
30-Year-Old Male$16.16$16.95$21.50
40-Year-Old Female$17.29$19.20$24.13
40-Year-Old Male$24.44$27.37$34.39
50-Year-Old Female$43.20$45.90$77.97
50-Year-Old Male$62.87$66.93$115.89
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You should keep in mind that your life insurance rates could be different based on your specific situation, including your age, gender, health, location, and more.

What is Haven Life?

Haven Life is wholly owned by MassMutual, a company with over 160 years in the insurance industry. Haven Life was founded in 2014 by Yaron Ben-Zvi, who was searching for life insurance before becoming a father.

During Ben-Zvi’s search, he found that many life insurance companies were making the application process more complicated than necessary by not taking full advantage of technical capabilities.

This is why Haven Life is focused on making applying for life insurance easy and digital.

Are Haven Life insurance ratings positive?

Haven Life has an A+ rating from the BBB. It has not had to close any complaints through the BBB website in the past year. Haven life insurance reviews on the BBB website give the company a 1/5 star rating.

Since Haven Life doesn’t issue its policies, it does not have an A.M. Best rating. However, MassMutual (the owner of Haven Life and issuer of policies) has an A++ financial strength rating from A.M. Best, which means it has a superior ability to meet financial obligations.

MassMutual has an extremely low NAIC complaint index of 0.05. Compared to the national median of 1.00, MassMutual’s complaint index indicates that it gets significantly fewer complaints than companies of a similar size.

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How can I get a quote or file a claim?

You can find Haven Life insurance quotes on the company’s website (www.havenlife.com). You should navigate to the page for the product you’re interested in and click the link to the price calculator, where you’ll fill out some information and get quoted a price.

To file a claim, you should call (855) 744-2836 with the policy number, information about the deceased (Social Security number and date of death), and a death certificate. Haven Life will send you the necessary claims forms and instructions to return them.

How can I contact Haven Life?

Haven Life’s website is www.havenlife.com. You can contact Haven Life through the contact form on the company’s website. It also has a live chat. You may also call the Haven Life customer service phone number at (855) 744-2836.

Haven Life is located at 60 Madison Avenue, 7th Floor, New York, NY 10010.

Should I buy Haven life insurance?

Haven Life offers only a couple of term life insurance options. Therefore, if you’re looking for permanent life insurance or more customizable options, you’ll have to look elsewhere.

If term life insurance meets your needs, you may want to consider Haven Life since it is backed and owned by one of the most experienced companies in the insurance industry, MassMutual.

If you would like to compare life insurance quotes from companies in your area before deciding which company is right for you, enter your ZIP code into our free quote comparison tool below.

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